Weak Demand and Prices: The overall cement industry witnessed slow volume growth and soft demand in Q1 . Squeezed Margins: Increased competition and rising input costs are expected to put pressure on profit margins . Even though revenue might hold up somewhat, profitability could be impacted. Industry Trend: Analysts predict […]

Indian billionaire Gautam Adani and Singapore-based Wilmar International are indeed exploring the sale of a minority stake in their joint venture Adani Wilmar. This is to comply with shareholding regulations in India. Stake being sold: Up to 13% of Adani Wilmar, potentially in equal stakes by both Adani and Wilmar […]

Financials: Revenue: Analysts predict a slight sequential increase (around 0.7%) in revenue to ₹37,718 crore but a YoY increase of 9.4%. Profit: The net profit is expected to see a modest rise of 1% sequentially to ₹6,185 crore, translating to a 15% YoY jump. FY24 Guidance: Infosys sharply reduced its […]

Current Status: The IPO application window closed on July 15th, 2024, at 5:25 PM IST. Grey Market Premium (GMP): The last reported GMP for Sahaj Solar is ₹240, as of July 15th, 2024, at 5:25 PM IST. GMP is an unofficial estimate of the premium investors in the grey market […]

Deepinder Goyal, the founder and CEO of Zomato, did indeed join the coveted billionaire club thanks to the significant surge in Zomato’s share price over the past year. Zomato’s Stock Performance: Zomato’s shares have seen a remarkable increase, with some reports indicating a rise of over 300% since July 2023. […]

The Indian stock markets performed well on Monday, July 15th, 2024, despite weak global trends. The Nifty 50 index, which tracks the performance of the 50 largest companies listed on the National Stock Exchange of India, ended near 24,600, after reaching an intraday high of 24,635. This is close to […]

Order Win: Apollo Micro Systems secured a project from the Indian Army for a Vehicle Mounted Counter Swarm Drone System (VMCSDS). Stock Surge: The company’s stock price jumped 5% and hit the upper circuit limit, meaning there were more buyers than sellers at that price. This indicates strong investor interest. […]